NFIP ran a $1.4bn deficit even before Harvey: CBO
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NFIP ran a $1.4bn deficit even before Harvey: CBO

The National Flood Insurance Program (NFIP), which is now projected to face Hurricane Harvey-related losses of as much as $10bn, underestimates annual claims by $1bn even in years without major catastrophes, a new Congressional Budget Office (CBO) study shows.

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